Harbor Mid Cap Value Fund
HIMVX
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ROIC.AI
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- Harbor Mid Cap Value Fund (HIMVX) is an actively managed open-end mutual fund that seeks long-term total return through investment primarily in equity securities, principally common stocks, of mid-cap companies defined as those with market capitalizations in the approximate range of $1 billion to $10 billion at the time of purchase. Under normal market conditions, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in such mid-cap value securities, employing a quantitative investment model and bottom-up contrarian value approach subadvised by LSV Asset Management, which has managed the strategy since September 30, 2004. The fund offers multiple share classes including Investor (HIMVX), Institutional (HAMVX), Retirement (HRMVX), and Administrative (HNMVX), with a net expense ratio of approximately 1.20% for the Investor class, total net assets of around $381 million as of late 2025, and a portfolio turnover rate of 22%; it distributes dividends annually, with the most recent payout of $0.25 per share declared in December 2025. The fund's core holdings as of mid-2025 emphasize undervalued mid-cap equities across sectors such as financials, industrials, consumer discretionary, health care, and information technology, with top positions including State Street Corp., The Bank of New York Mellon Corp., and The Kroger Co.; recent portfolio adjustments in 2025 included adding NRG Energy in Q2 due to its strong positioning in electricity demand driven by AI growth and selling McKesson amid valuation concerns and limited dividend returns. Harbor Capital Advisors, Inc., the fund's investment adviser and part of the Harbor Funds family established in 1983, is headquartered at 111 South Wacker Drive, 34th Floor, Chicago, Illinois, with subadvisor LSV Asset Management also based in Chicago at 155 North Wacker Drive; the Investor class (HIMVX) was incepted on November 1, 2002. The fund targets U.S. investors seeking mid-cap value exposure and operates within the Mid-Cap Value category, available through platforms like Schwab Mutual Fund OneSource with low minimum investments of $1 for basic and IRA accounts. In recent developments, the fund reported solid performance with a YTD return of 14.18% as of November 30, 2025, driven by contributors like NRG Energy which surged nearly 70% in Q1 amid acquisition announcements and AI-related demand; quarterly commentaries for Q2 and Q3 2025 highlighted ongoing quantitative rebalancing and sector rotations, including trims in overvalued health care names, amid a portfolio of 178 holdings as of late 2025. Harbor Capital continues its long-standing subadvisory partnerships, with LSV applying its deep value quantitative model unchanged, while the broader Harbor Funds lineup remains focused on research-driven active strategies without reported acquisitions, funding rounds, or structural changes specific to HIMVX in 2024-2025.